Construction to Permanent Lenders???

Financing, Hard Money Lenders, Private Money
1

Dear Friends,

Currently I’m using National City Mtg. for quoting out a construction to perm. loan in So. California. Any recommendations for competitive lenders out there?

Thanks in advance :slight_smile:

2

What’s wrong with National City? They are pretty easy to deal with from a broker’s perspective. Are you going direct or through a broker?

IndyMac is competitive as far as products, but their service isn’t as good as National City’s in my opinion. First Horizon is a good option in terms of service & products. Chase Manhattan Bank, Chevy Chase Bank, and Washington Mutual all have construction loan programs as well… but National City, First Horizon, & IndyMac are the industry leaders in my opinion.

3

Since I am new to construction loans, I was not sure if I was working with a good lender. But, your confidence in National City and mentioning the other banks is very helpful.

Thank you for you valuable insight. :slight_smile:

4

The other nice thing about Natl. City is that they pay the yield at closing, where First Horizon does not pay until modification. I have heard nothing but NIGHTMARES about Indymac.

5

Thanks for the insight :).